BackgroundIndorama Corporation was founded in 1973 by Sri Prakash Lohia and his father Mohan Lal Lohia. They began with a single plant in the West Java province of Indonesia that manufactured spun yarn. They named their operation Indorama Synthetics. The first three to four years were difficult, but they succeeded. Today Indorama is a multinational corporation, producing and supplying the world with polyethylene, polyester fiber, polypropylene and filament, medical gloves, as well as its original spun yarns. Indorama operates 57 factories in 21 countries and is the world’s largest manufacturer of resins used to produce plastic bottles. Its global customer base consists of the medical, apparel and non-apparel, automotive upholstery, sewing, and home furnishing industries.
Geographic scopeIndorama Corporation is headquartered in Jakarta, Indonesia but in the last several years, it has enlarged its geographical focus to Africa where nearly $2 billion has been invested to build up its West Africa petrochemicals operations. Another $2 billion is in progress, most of it going to Nigeria. Indorama has become the largest manufacturer of polyolefins in West Africa. Indorama’s Africa presence began in 2006 when it purchased from the government a 75 percent share in what is today known as Indorama Eleme Petrochemicals. $1.2 billion was invested a few years ago to construct a new fertilizer plant in Nigeria, along with funding from the World Bank, African Development Bank and other international financiers.
Corporate StructureIndorama Corporation operates through eight international subsidiaries:
• Indorama Industries Ltd.
• PT Indorama Synthetics
• Medisafe Technologies
• Indorama Eleme Petrochemicals
• YTY Industry Holdings
• Industries Chimiques du Senegal
• Indorama Real Estate
• Indorama Eleme Fertilizer and Chemicals, Ltd.